Daily Technical Analysis: Silver Breaks Below $54, Approaching Its Lowest Level Since November 2025

Nasdaq Technical Analysis

The Nasdaq 100 is undergoing a correction after reaching a recent high of 30,040. The latest candles show a modest rebound from the recent low, but the recovery remains limited and the price is still below the MA20. This suggests that the market is attempting to stabilize after the recent decline, although buyers have yet to regain full control.

The moving averages show mixed momentum. The price is slightly above the MA5 and MA10 but remains below the MA20. A sustained move above 29,640 would improve the technical picture, while a failure to hold above the short-term averages could trigger another test of support.

Immediate support lies around 29,460, followed by 29,350. A break below this area could expose 29,120. On the upside, resistance is located around 29,640–29,660, followed by 29,800 and the recent high at 30,040. A sustained break above 29,660 would signal improving momentum, while a move above 29,800 would strengthen the bullish recovery scenario. For now, the short-term outlook is neutral to bearish, with the index needing to reclaim the MA20 to confirm a stronger recovery.

Nasdaq 1H Chart

Source: STARTRADER app | Nasdaq retreats from recent highs following the FOMC meeting

Silver Technical Analysis

Silver is experiencing significant selling pressure, falling sharply below $53 after failing to sustain its recovery toward the $54.64 high. The latest candles show a clear downward move, with consecutive bearish candles pushing prices below the previous support area around 53.05. The decline suggests that sellers have regained control, and the price is now testing the lower end of its recent trading range.

The moving averages reinforce the bearish outlook. Silver is trading below all three averages, with the MA5 below the MA10 and the MA10 below the MA20. This bearish alignment indicates that downward momentum remains dominant.

Immediate support is located around $52.64, the latest chart low, followed by the psychological $52.00 level. A sustained break below $52.64 could extend the decline toward $52.00. On the upside, initial resistance lies. A recovery above 53.63 would ease the immediate bearish pressure, while a move above $54.22 would provide stronger evidence of a reversal. The short-term outlook remains bearish, with downside risks elevated as long as silver trades below $53.45–$53.63.

Silver 1H Chart

Source: STARTRADER app | Silver remains under pressure as it nears $50 psychological level

Brent Technical Analysis

Brent crude has reversed lower after reaching a recent high of $117.35 yesterday. The rally failed to sustain momentum above $117.00, triggering a sharp decline toward the $115.00 area. Selling pressure has continued into the latest session, with prices approaching the recent low at $114.43.

The current price is below all three averages, while the MA5 is below the MA10 and MA20. This bearish configuration suggests that sellers remain in control.

Immediate support is located around $114.44, followed by the low near $114.10 and the $113.72 area. A break below $114.44 could expose $114.10, while a sustained move below $114.10 would reinforce the bearish structure. On the upside, initial resistance lies around $114.93–$115.12, followed by $115.76 and 116.15. A move above $115.76 would weaken the bearish outlook, while a recovery above 116.15 would suggest that buyers are regaining control. The short-term outlook remains bearish, with $114.44 acting as the key support to watch.

Brent 1H Chart

Source: STARTRADER app | Oil prices ease as investors monitor the ongoing negotiations

Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.